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Westgate , Ripon, HG4 2BQ

£850,000
Added on 25/11/2020
Sherringtons Estate Agents, Ripon
PROPERTY TYPE
Terraced
BEDROOMS
x7
BATHROOMS
x6

Key features

  • INVESTMENT PROPERTY
  • 3 x COMMERCIAL SHOPS
  • 5 x MODERN ONE BEDROOM FLATS
  • 1 x TWO BEDROOM COTTAGE WITH PARKING
  • RIPON CITY CENTRE LOCATION
  • ALL CURRENTLY RENTED OUT
  • PRODUCING A GOOD 6.3% YIELD

Property description

ATTENTION ALL INVESTORS!!! A fantastic Residential and Commercial investment opportunity set in the heart of historic Ripon and comprising:
THREE x COMMERCIAL PROPERTIES. All commercial shops are currently rented out to established businesses, spacious front to back retail shop outlets.
FIVE x RESIDENTIAL APARTMENTS. A superb development of five one bedroom, luxury, modern, spacious apartments with communal entrance which are all currently rented out.The properties benefits from a city central location, double glazing, modern kitchens, shower rooms/bathrooms.
ONE x 2 BEDROOM COTTAGE. A well presented two bedroom terrace property which is currently rented out.
Accommodation briefly comprising:Kitchen, lounge, bathroom and two bedrooms. Externally:The property benefits from a parking space/courtyard area to the front of the property.
A GREAT INVESTMENT PURCHASE producing a 6.3% yield

COMMERCIAL PROPERTIES

SHOP ONE - ROSE & CLOVER

Area One 4.17m (13' 8") x 5.18m (17' 0") & Area Two 10.49m (34' 5") x 4.17m (13' 8")

Shop currently rented out to an established business Rose & Clover. Current rent £540 per calendar month.
A spacious front to back retail shop outlet.The property has two good sized shop areas. Area One 13' 8" x 17' 0" opening into Area Two 34' 5" x 13' 8" inc rear W.C.

SHOP TWO - VAPE SHOP

Area One 6.98m (22' 11") x 2.87m (9' 5") & Area Two 6.76m (22' 2") x 3.28m (10' 9")

Shop currently rented out to an established business as a Vape Shop. Current rent £600 per calendar month.
A spacious front to back retail shop outlet.The property has two good sized shop areas. Area One 22' 11" x 9' 5". Area Two 22' 2" x 10' 9" and a rear kitchen/W.C.

SHOP THREE - NEWSAGENTS

Area One 6.32m (20' 9") x 2.87m (9' 5") & Area Two 3.02m (9' 11") x 1.50m (4' 11")

Shop currently rented out to an established business as a Newsagents. Current rent £425 per calendar month.
A frontal retail shop outlet.The property has a good sized shop area, Area One 20' 9" x 9' 5". Area Two 9' 11" x 4' 11" and rear W.C.

RESIDENTIAL FLATS

A superb development of five one bedroom, luxury, modern and spacious apartments set in the heart of historic Ripon with communal entrance with security entrance phones, double glazing, electric heating. All apartments are currently rented out ranging between £475 - £525 per calendar month.

FLAT ONE- FIRST FLOOR

Flat 1 is a one bedroom first floor apartment.The property briefly comprises: Entrance hall, lounge 14' 2" x 11' 2", kitchen11' 2" x 8' 6", double bedroom12' 4"(max) x 9' 3"with en-suite bathroom 8' 1" x 4' 6".

FLAT TWO- FIRST FLOOR

Flat 2 is a one bedroom first floor apartment. The property briefly comprises; Entrance hall with staircase leading to study/dining room13' 7" x 13' 0", inner hallway, living room 12' 11" x 10' 0", kitchen 9' 0" x 6' 0", bathroom and double bedroom 9' 1" x 8' 9" with built in wardrobes.

FLAT THREE- FIRST FLOOR

Flat 3 is a one bedroom first floor apartment. The property briefly comprises: Entrance hall, lounge/ kitchen15' 0" x 9' 0", double bedroom 14' 3" x 9' 0" and a shower room.

FLAT FOUR - DUPLEX APT SECOND FLOOR

Flat 4 is a one double bedroom second floor duplex apartment, The property briefly comprises: Entrance hall, lounge, kitchen and bathroom to the first floor and a double bedroom to mezzanine level which is overlooking the living area.

FLAT FIVE- SECOND FLOOR

Flat 5 is a one bedroom second floor apartment.The property briefly comprises: Entrance hall, lounge13' 9" x 9' 11", kitchen 8' 7" x 6' 5",double bedroom 16' 2"(max) x 8' 8" with en-suite bathroom 9' 3" x 5' 3".

TWO BED COTTAGE

A two bedroom cottage in a city centre location which is currently rented out at £450 per calendar month with parking area/courtyard to the front of the property.

LOUNGE

3.35m (11' 0") x 4.27m (14' 0")

Double glazed window to rear aspect, double radiator.

KITCHEN

2.95m (9' 8") x 3.66m (12' 0")

Range of wall and base units with roll top work surface over, unit housing sink and taps, wall mounted boiler, radiator, double glazed window and door to front and side aspects.

INNER HALL

Storage cupboard.

BATHROOM

1.63m (5' 4") x 2.21m (7' 3")

White suite comprising: Panelled bath, low level W.C., hand wash basin and taps, tiled walls and inset ceiling lights.

FIRST FLOOR

Landing, stairs to second floor.

BEDROOM TWO

2.95m (9' 8") x 2.16m (7' 1")

Double glazed window to rear aspect, radiator.

SECOND FLOOR

BEDROOM ONE

3.18m (10' 5") x 3.23m (10' 7")

Double glazed window to rear aspect, radiator.

AGENTS NOTES

29-33 Westgate Properties current rental income £4,490 per calendar month producing 6.3% yield.

Brochures

Property Particulars

Westgate , Ripon, HG4 2BQ

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Thirsk Station8.9 miles
Mortgages
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About the agent

Sherringtons Estate Agents, Ripon

2 North Street, Ripon, HG4 1JY

Sherringtons Estate Agents, Ripon

Sherringtons is a dynamic forward thinking independent agent. We offer a traditional estate agency service from our central Ripon hub covering Ripon and all the surrounding villages. In addition we offer an online service offering "everything but the office" for the wider areas of Yorkshire including Thirsk, Harrogate, Knaresborough and Wetherby.

We are an extremely experienced and knowledgeable team of sales professionals working seven days a week to providing a dedicated all round fir

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